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François Hollande sought to rekindle faith in his flagging presidency last
night, but his television appearance was blighted by news that France’s top
businessman has applied to become Belgian.

The Socialist President, whose four-month record is condemned by six out of
ten citizens, according to polls, promised to restart the stagnant economy
and said that the well off would be the prime target of billions of euros of
new taxes to meet eurozone commitments.

However, his popular soak-the-rich pledges appeared to backfire when Bernard
Arnault, boss of the Louis-Vuitton-Moët-Hennessy (LVMH) group and France’s
richest man (fourth in the world), confirmed